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. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage there because those rates -- >> i'll take it back from harry reid while we try and figure out this audio issue that we're clearly having from the majority leader and his comments down in the nation's capitol as the democratic leadership gets its turn, if you will, at the microphone for an update on the fiscal cliff. we've already heard from speaker boehner just a short time ago. i think we have that cleared up. let's go back to mr. reid. >> at some point reality should set in. the only question is how much financial stress middle-class families and
. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage...
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dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume was up 14% year over year. california governor gerri brown is not wasting any time. the 74-year-old governor is undergoing radiation treatment. his oncologist says his prognosis is -- that is your west coast minute. dennis: general orders is unveiling a new line of pickup trucks. jeff flock has the story. jeff: that is the new chevy silverado. it is the number one seller. it has these new engines and it. they will shut down four of the cylinders if you do not need all the power. saves on gas. very good. this harkens back to the old days. it was a loud unveiling. they fl
dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume...
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we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best serve the population. gerri: the truth is the states only have so much flex ability because you have to meet your budget. the federal government doesn't. but i want to show who is in washington. it was scott walker, gary herbert, mark dayton, jack markell. all the leadership of the governors association. what kind of response did you get? we are not passing anything onto you guys. >> the president was very cordial and respectful to the governors. and we believe that we have a stake in this process, and he felt like we could offer some ideas of ways that
we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best...
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Dec 10, 2012
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today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of those is tom cole who is a republican from oklahoma who joins us now live from capitol hill. fantastic to have you here on the show, congressman. >> good to be with you. >> what kind of spending cuts do you need to see, congressman, for you to be able to vote for those tax hikes on the top 2%? >> for the record i don't promote raising taxes on anybody. but if congress doesn't act they go up automatically. i'd like to take an area where we agree with the area, that we're not going to raise taxes on 98% of the american people. and just get that out of the way. let's not have those
today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of...
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. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a myth that raising tax rates will kill jobs. let's talk with fred smith right now in a cnbc exclusive about that and more. frank, good to have you on the program. welcome back. >> thank you very much, maria. always good to be here. >> good to see you again. let's start with the fiscal cliff issue. when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job
. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate...
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the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did not disclose any details of the meeting with the president and the speaker yesterday only confirmed that communications remain open. tim john boehner remaining discussions are in place. david: the president said some things about a year ago that sounded like a perfect compromise. let me get your reaction. this was about a year ago. >> what they said was give us 1.2 trillion in additional revenue
the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise...
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we're hearing the majority leader in the senate, harry reid, is concerned about running out of time. the former speaker of the house, the house minority leader, nancy pelosi, expressed concerns about timing. over at the white house early today, it got personal between jay carney and speaker john boehner, carney making reference to a situation almost 20 years old. take a also listen to this. >> let me say while i personally am fond of john boehner, his record of predicting what would happen to certain economic policies were instituted is abysmal. after 1993, after the budget plan was passed we saw record increase and vast. a wealth created. >> this was earlier. the important thing, a face-to-face meeting between the president and speaker. they had a phone call tuesday evening which was less than cordial. perhaps a face-to-face meeting will move the ball forward. >> gretchen: if only they were on the golf course. that solves everything. mike emanuel, thank you very much. >> thank you. >> let's talk about the john mcafee saga wanted for questioning in his neighbor's death. he tells abc
we're hearing the majority leader in the senate, harry reid, is concerned about running out of time. the former speaker of the house, the house minority leader, nancy pelosi, expressed concerns about timing. over at the white house early today, it got personal between jay carney and speaker john boehner, carney making reference to a situation almost 20 years old. take a also listen to this. >> let me say while i personally am fond of john boehner, his record of predicting what would...
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i think what happened, the senate majority leader harry reid came out with a couple of comments. he said any program, any deal that's out there must include a stimulus component -- really? a stimulus component? he said rates have to increase to 39.6% as part of any deal. the dow drifted lower on that because people were arguing you should have a 37% as a compromise on the tax rates. >> mr. geithner yesterday when speaking exclusively to steve leisman seemed to really avoid that 39% number. that encouraged a lot of people thinking that perhaps that is a flexible number. >> let's hope it is. but the senate majority leader says -- specifically said 39.6. i think that's specifically the reason we took a little bit of a dive a while ago. either side are positive or negative. but i want to note, tech stocks are doing a little bit better overall. the s&p tech index has been doing a little bit better recently, particularly hardware names. you look at some of the big names in the computer space here. take a look at lexmark, dell, seagate, western digital. storage names are up. you were me
i think what happened, the senate majority leader harry reid came out with a couple of comments. he said any program, any deal that's out there must include a stimulus component -- really? a stimulus component? he said rates have to increase to 39.6% as part of any deal. the dow drifted lower on that because people were arguing you should have a 37% as a compromise on the tax rates. >> mr. geithner yesterday when speaking exclusively to steve leisman seemed to really avoid that 39%...
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majority leader, harry reid. >> they can't decide what they're going to do. we have heard about the infighting going on with the house leadership, boehner is having trouble finding help from his leadership as to what they're to do. >> according to senator reid, the battle is between boehner and congressman kevin mccarthy, eric cantor, and one paul ryan. ho, ho, ho. let's get right to our panel. with me here in washington is msnbc political analyst david corn, and in new york msnbc political analyst professor michael eric dyson. david, can i start with you? the president began with, o come all ye faithful, and now we have speaker boehner singing in the bleak winter. how far does the president have to go to give boehner something that helps boehner go to his caucus and say let's just do our deal. >> you want someone to be singing "i'll be home for christmas." >> there you go. >> first, it's nice to see you in d.c. >> it's a great pleasure. >> we have this little bubble of optimism in the conventional media the past few days. although they're talking, they're no
majority leader, harry reid. >> they can't decide what they're going to do. we have heard about the infighting going on with the house leadership, boehner is having trouble finding help from his leadership as to what they're to do. >> according to senator reid, the battle is between boehner and congressman kevin mccarthy, eric cantor, and one paul ryan. ho, ho, ho. let's get right to our panel. with me here in washington is msnbc political analyst david corn, and in new york msnbc...
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we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren buffett will be buying back stocks. he was never going to buy back stock or split the stock. he was never going to put the stock in the s&p 500. if this is not hypocritical to the maximum level -- no, no, no. he has changed. >> oh, a long time ago. >> a long time ago. never believed in buybacks. never would split a stock into the "b" shares and would never go into the s&p 500. you don't want closet indexes owning the name. that's some of the hypocrisy. but given the fact that he took out one of the early investors in this stock before the capital gains tax goes up, i mean, really? come on. if this wasn't buffet
we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren...
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listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what kind of revenue. >> the top 2%. >> what else? >> and the debt limit and-- >> what else. >> and there's plenty. 1.6 trillion and the stimulus, 2 it00, 200 billion. >> i think it was-- >> and --. >> well, joining us now is the man who had that exchange with senator reed from the daily caller. nick, what did you and/or our viewers and myself. what are we supposed to get out of that interview with senator ray reid. >> i went in to the press conference not knowing i'd get a quiz about the details. it was a clear question to the majority leader will you bring the president's plan up for a vote and he clearly did not want to answer it and a
listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what...
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with a simple majority if that's what harry reid wants. then they will be the party of high taxes and they can own it. >> all right. without that kind of republican strategic retreat, the december 31st deadline is not likely to be met. in today's jobs report it was positive and it beat the street and stocks went up. how do we move 150,000 jobs per month up to 300,000 which would be a real recovery? first up breaking news out of the supreme court this afternoon, the nation's highest court agreed to take up the explosive issue of same-sex marriage, agreeing to hear challenges to the federal defense of marriage act and california's proposition 8. nbc's pete williams joins us now from washington with all the latest details. good evening, pete. >> reporter: good evening, larry. the vilma case is the easier one. federal law signed into law by president clinton in 1996. it says if a person is legally married in a state, the federal government can't recognize those marriages. that's where you talked about federal benefits heterosexual couples get
with a simple majority if that's what harry reid wants. then they will be the party of high taxes and they can own it. >> all right. without that kind of republican strategic retreat, the december 31st deadline is not likely to be met. in today's jobs report it was positive and it beat the street and stocks went up. how do we move 150,000 jobs per month up to 300,000 which would be a real recovery? first up breaking news out of the supreme court this afternoon, the nation's highest court...
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here's what harry reid said. he said, quote, senator mcconnell made a serious offer today to me with regards to the debt ceiling, a deal on the debt ceiling. i want a vote on it this afternoon. very strange but interesting, intriguing turn of the events. dennis: if you are harry reid and you run the senate and democrats controlled the senate you do not accept mcconnell republicans's proposal unless you get the outcome you want. they want the debt ceiling raised. mcconnell doesn't offer this unless he wants the death ceiling aised to remain a big uncertainty to work out a clip. cheryl: this news from one of our producers out of washington and this is just breaking right now so we will continue to follow this news out of the ec and get more details. cheryl: dennis: we will see the dow turned around on some optimism because having democrats and republicans working together at all on anything at this point seems like a rarity. elsewhere sports fans uniting in the court room, major-league baseball, hockey and others i
here's what harry reid said. he said, quote, senator mcconnell made a serious offer today to me with regards to the debt ceiling, a deal on the debt ceiling. i want a vote on it this afternoon. very strange but interesting, intriguing turn of the events. dennis: if you are harry reid and you run the senate and democrats controlled the senate you do not accept mcconnell republicans's proposal unless you get the outcome you want. they want the debt ceiling raised. mcconnell doesn't offer this...
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nevada senator harry reid and others on the other using the fiscal cliff talks to push through an online gambling bill. but to want language for online gambling while eliminating others. they have long wanted federal system for online poker anyway. and have you seen this? the california federation of teachers created tax the rich. it shows a wealthy person urinating on lower income americans. the rich collect wealth through tax loopholes and tax evasion. nice stuff. that is your "west coast minute." a quarter until it's never 50 minutes, you're watching oxford industries. nicole: very interesting. this is under the oxford umbrella, but they gave an outlook it is somewhat below the expectations for this is why the stock is down nearly 10% today. that is a really big move for oxford industries. third-quarter earnings climbed 85% but again so much of it is about the guidance. look at the major market averages. the nasdaq composite improving throughout the day today, down just one quarter of 1% now while the dow has exploded to the upside. back to you. dennis: thank you very much, nicole. on
nevada senator harry reid and others on the other using the fiscal cliff talks to push through an online gambling bill. but to want language for online gambling while eliminating others. they have long wanted federal system for online poker anyway. and have you seen this? the california federation of teachers created tax the rich. it shows a wealthy person urinating on lower income americans. the rich collect wealth through tax loopholes and tax evasion. nice stuff. that is your "west...
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stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >> if we took the president's revenue, we took the republic republicans' spending cuts and we put them together, we'd have a package of more than $4 trillion. >> what i hope boehner does not do is give away the debt ceiling with any kind of deal unless it's the real deal. >> when the government spends money and a lot of these other so-called infrastructure investments, it ends up wasting the money, taking it from the private sector. >> i think we need to do the entitlement issue. >> i'm optimistic we're going to be able to avoid the fiscal cliff, we're not going to go over that. we're not g
stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >>...
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perhaps that's why senate majority leader harry reid felt confident enough to declare that until republicans move on tax rates, more spending cuts are off the table. >> the president made clear, i have tried to make very clear, until there's some movement in tax rates, we're -- i'm not talking about any other proposals, not about where there will be a cut here or a cut there. >> no. as a matter of fact, the only cuts the senate is talking about today are in terms of staff on the republican side. with the surprise news today that senator jim demint after blasting speaker boehner's debt reduction plan will step down from the senate to head a conservative think tank. quote, i've decided to join the heritage foundation at a time when the conservative movement needs strong leadership in the battle of ideas. yes, the strong leadership of lobbyists. asked by rush limbaugh if boehner was forcing him out, demint replied, it might work a little bit the other way. let's get to our panel. with us from washington is msnbc political analyst david corn, msnbc contributor dr. jared bernstein, senior fellow
perhaps that's why senate majority leader harry reid felt confident enough to declare that until republicans move on tax rates, more spending cuts are off the table. >> the president made clear, i have tried to make very clear, until there's some movement in tax rates, we're -- i'm not talking about any other proposals, not about where there will be a cut here or a cut there. >> no. as a matter of fact, the only cuts the senate is talking about today are in terms of staff on the...
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now, harry reid using his time to take a special waiver to allow unbuttered popcorn in the auditorium. that's what passes for work these days. the president's holding another campaign style event as the middle class families, and with more, michael burgess of texas. congressman, great to have you object show again. >> great to be with you, thank you. gerri: everything's hanging in the banse, economy, middle class income, taxes, you name it, and you and your fellow house members are not going to work. >> well, wait, this is a 24-hour day job, seven days a week. i'm in new york tomorrow looking at the hospitals affected in hurricane sandy, and i feel like i need to do the ground work to investigate that for myself. gerri: you're doing work, but not all the people you work with in washington are. some are just taking time off before the holidays when this big issue is on the plate. nancy pelosi had to say about this. >> we should be here and came as a surprise, and i'm really surprised that the republicans would leave. we maim in tuesday, and we left wednesday at twelve o'clock noon. wit
now, harry reid using his time to take a special waiver to allow unbuttered popcorn in the auditorium. that's what passes for work these days. the president's holding another campaign style event as the middle class families, and with more, michael burgess of texas. congressman, great to have you object show again. >> great to be with you, thank you. gerri: everything's hanging in the banse, economy, middle class income, taxes, you name it, and you and your fellow house members are not...
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we are hearing a lot of talk from harry reid about reforming the senate filibuster rules. it might be about time for that when senators can start filibustering their own bills. >> that's what majority leader mitch mcconnell did yesterday. get this. he tried playing a trick on the democrats and wrote a bill allowing the president to raise the debt ceiling. mcconnell assumed democrats would not want to vote on that and was hoping to use that against them saying no one wanted to give the president that power. that back fired when the democratic caucus was happy to vote on the measure forcing mcconnell to say no. here is the democrats' response. >> this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote on that proposal, fillibustered his own proposal the i think we have reached a new spot in the history of the senate we have never seen before. >> the senate democrats posted that to youtube yesterday. mcconnellts reason for not voting on the bill? he said it is so important it needed a filibuster-proof majority rather than
we are hearing a lot of talk from harry reid about reforming the senate filibuster rules. it might be about time for that when senators can start filibustering their own bills. >> that's what majority leader mitch mcconnell did yesterday. get this. he tried playing a trick on the democrats and wrote a bill allowing the president to raise the debt ceiling. mcconnell assumed democrats would not want to vote on that and was hoping to use that against them saying no one wanted to give the...
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reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from geithner yesterday to steve liesman he's prepared to go over the cliff if need be. >> yes. >> do we know if the republican position is weakening at all, are they ready to make any concessions on their end? >> well we get a sense that some republicans that i've been talking to are ready to make a deal, i talked to a couple republicans in the house yesterday who said they are urging speaker boehner to cut a deal here to agree with the president to extend the bush tax cuts for all those under 250,000, at least do that much, so there is some weakening on the republican side. the question is whether there's enough to get a de
reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from...
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harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a lit
harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have...
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majority leader harry reid called him on it, called his bluff. then mcconnell filibustered his own bill. here's senator dick durbin. >> so this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote on that proposal filibustered his own proposal. i think we have now reached a new spot in the history of the senate we've never seen before. >> congressman, proof positive they have winging it. >> well, look, the senate and house republicans are just tieing themselves up in all sorts of knots. this is the latest evidence of this. this is known now as the mcconnell rule. and now he wants to distance himself and disassociate himself with it. you know, his name is attached to it. he thought of this idea. and what the president has said is, you know, it was a good idea then, senator mcconnell, let's continue to live with it, let's extend it. and as you know, all we're doing with the debt ceiling is saying that the united states will pay the obligations that the congress has already voted on. >> sure. >> s
majority leader harry reid called him on it, called his bluff. then mcconnell filibustered his own bill. here's senator dick durbin. >> so this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote on that proposal filibustered his own proposal. i think we have now reached a new spot in the history of the senate we've never seen before. >> congressman, proof positive they have winging it. >> well, look, the senate and house...
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Dec 10, 2012
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harry reid said this. i take your point, but go. >> we can sit here and debate this. we don't have conclusive evidence either way. but the bottom line is he wants the government to come in and say we're going to harm small businesses here, we're going to impose the taxes, overregulate, do all the things that hurt these businesses and inhibit their ability to function and grow when we don't have conclusive evidence. that's the problem. stuart: but it's very attractive to a politician, a carbon tax, because it brings in a gusher of money. you tax companies. you tax utilities for the amount of co2s hat they put out in the atmosphere, you tax them on that basis, and you bring what, 100, 120 billion dollars a year? sandra: once they start seeing that money, they are going to want more. it could lead to an ugly future of very high taxes and could stif business -- and it could stifle business. >> i don't think he will get support for this. i don't think the public has appetite for it. stuart: i'm not so sure. i agree that people won't like this, but when politicians need mon
harry reid said this. i take your point, but go. >> we can sit here and debate this. we don't have conclusive evidence either way. but the bottom line is he wants the government to come in and say we're going to harm small businesses here, we're going to impose the taxes, overregulate, do all the things that hurt these businesses and inhibit their ability to function and grow when we don't have conclusive evidence. that's the problem. stuart: but it's very attractive to a politician, a...
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dagen: we have heard from senator harry reid once again. if the democrats do not get the tax increase on wealthy americans that he is willing to go over the cliff, the end of the year. we are awfully close. >> remember that congress always has the ability to set a new set of tax rates. even if we went through december 31 and these rates went away and everybody's taxes increased, honestly, some more than others, we could, as a congress, go back and try to do pieces of that to try to bring some of those rates down for some people. i think that is what my republican colleagues are really the most afraid of. once you lose those tax cuts, at the end of the year, it will be hard to bring back those tax cuts. the tax cuts that would come back would be mostly for the lower and real income people. the biggest leverage that the republicans have right now is this december 31 date. they are quickly running out of time. dagen: would you be comfortable with it. you raise tax rates on the wealthy. just not back to the clinton era level. you grow up, but n
dagen: we have heard from senator harry reid once again. if the democrats do not get the tax increase on wealthy americans that he is willing to go over the cliff, the end of the year. we are awfully close. >> remember that congress always has the ability to set a new set of tax rates. even if we went through december 31 and these rates went away and everybody's taxes increased, honestly, some more than others, we could, as a congress, go back and try to do pieces of that to try to bring...
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and demint made a point of personally going to harry reid's office to tell him face-to-face that he decided to resign. i can tell you as an observer of the senate watching relationships deteriorate, this was surprising but a good surprise. >> leaving on a good note at least with the majority leader in the senate. dana, thanks very much. and i'm joined now by senator demint along with heritage foundation founding trustee, the current president, we see the outgoing president, ed feulner, thanks for coming in. we're going to talk a little about the state of the heritage foundation and the republican party. the senator's here, the newsmaker, you shocked all of us. why did you do this? >> wolf, after this last election it's apparent we need to do more as conservatives to convince americans that our ideas and policies are going to make their lives better. the heritage foundation is the premier think tank, research organization, the premier idea group for the conservative movement. this will give me the opportunity to help take our case to the american people. and to translate our policies into re
and demint made a point of personally going to harry reid's office to tell him face-to-face that he decided to resign. i can tell you as an observer of the senate watching relationships deteriorate, this was surprising but a good surprise. >> leaving on a good note at least with the majority leader in the senate. dana, thanks very much. and i'm joined now by senator demint along with heritage foundation founding trustee, the current president, we see the outgoing president, ed feulner,...
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senate majority leader harry reid compares republicans to the new york jets quarterback dilemma. harry? >> coach ryan, he's got a provincial he has three quarterbacks. sanchez. he's got a tim tebow, a guy named mcilroy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. >> steve: meanwhile, on the other team, mitch mcconnell firing back quickly at harry. >> no doubt about who the quarterback is on the democratic side. quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions. and moving backward and backward and backward. >> steve: in case missed it, mark sanchez will be the starting quarterback fort jets this week. brian, over to you. >> december 7, 1941, a date which will live in infamy. >> gretchen: 71 years ago marks the anniversary of the attacks on pearl harbor. during that time, our next guest was just a college student. he closed his books, packed his bags and headed off to fight for his country. fly for his country, and bomb for his country. world war ii
senate majority leader harry reid compares republicans to the new york jets quarterback dilemma. harry? >> coach ryan, he's got a provincial he has three quarterbacks. sanchez. he's got a tim tebow, a guy named mcilroy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. >> steve: meanwhile, on the other team, mitch mcconnell firing back quickly at harry. >> no doubt about who the quarterback is on the democratic side....
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reid would ever bring it up. what's interesting is if they say, okay. let's get rid of that medical device tax. the money will have to come from interelse. >> that medical device tax is designed to bring in $29 billion over ten years. >> steve: where is that going to come from then? >> what are you going to do? you need another source of income. >> steve: call china! >> can we borrow more? you're already going to raise the medicare tax to help pay for obamacare. you're already raising the tax on some drugs to pay for it. what are you going to do now? if you don't get the medical device tax through, and you don't get the $29 billion, what are you going to do? you're right, steve. call china, let's borrow more. >> steve: so many people are fixated on the fiscal cliff and the president wants to jack up taxes on people who are successful. up to maybe about 40%. that's one of the theories out there. he'd love 40%. but a lot of people forget about the medical device tax, plus all the obamacare taxes already baked into
reid would ever bring it up. what's interesting is if they say, okay. let's get rid of that medical device tax. the money will have to come from interelse. >> that medical device tax is designed to bring in $29 billion over ten years. >> steve: where is that going to come from then? >> what are you going to do? you need another source of income. >> steve: call china! >> can we borrow more? you're already going to raise the medicare tax to help pay for obamacare....
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reid in 2010. as forde mint's replacement colbert said the choice is clear. >> let's see you want somebody young. somebody conservative. somebody from south carolina. maybe somebody who has a super p.a.c. >> reporter: now the governor has not indicated whether she favors colbert or anyone else. she may not make her decision for another month or so. but if by some small chance he's not selected norah and charlie he could still run for the seat outright when both of south carolina senate seats are up for grabs in 2014. >> all right, nancy cordes. i won't hold my breath on that one. from stephen colbert to justin bieber. he says winning a grammy award is one of his goals but it won't happen this year. he didn't get a single nomination and he's not happy about it. we'll show you what's next. >> this portion of cbs "this morning" is sponsored by party city. dress up your holiday party. party city nobody has more party for less. ,,,, >>> this is a cbs 5 eyewitness news morning update. >>> good morning ev
reid in 2010. as forde mint's replacement colbert said the choice is clear. >> let's see you want somebody young. somebody conservative. somebody from south carolina. maybe somebody who has a super p.a.c. >> reporter: now the governor has not indicated whether she favors colbert or anyone else. she may not make her decision for another month or so. but if by some small chance he's not selected norah and charlie he could still run for the seat outright when both of south carolina...
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senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1:30, but minority leader mitch mcconnell, republican objected to that proposal saying i matter of such importance, 60 vote threshold, majority was born to do. now it will not happen, no vote today on the debt ceiling, fiscal cliff proposal to basically the breaking news is we're back where we started. melissa: what is the hottest stock on wall street these days. trading under. the bidding war for my favorite bank analyst. i love dick bove. speaker he is in purgatory. a billion dollars unauthorized trade was described as a rogue trader. presumption of innocence, he was arrested earlier in the week. take the firm, the firm has been closed down since then. dick bove has been in purgatory. sources are telling us bove reseed essentially 17 offers to join him, he is now down to five, he has contracted form in five firms. he believes he'll be making the decision on which of these five firms he will go to in the coming days. he says he is cl
senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1:30, but minority leader mitch mcconnell, republican objected to that proposal saying i matter of such importance, 60 vote threshold, majority was born to do. now it will not happen, no vote today on the debt ceiling, fiscal cliff proposal to basically the breaking news is we're back where we started. melissa: what is the hottest stock on wall street these days. trading under. the bidding...
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Dec 13, 2012
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senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change depending on that, but the percentage increase is the same a matter where you live in the country. host: we are talking about social security and how would factors into the so called "fiscal cliff." if you would like to join the conversation, here are the numbers to call -- . all the sudden they have taken the steam out of what the greatest economic miracles. the thing that they had, an economy growing rapidly, is fragile and requires government to facilitate rather than later costs and uncertainty on top of it. it's almost like a test tube in the u.s. now. there was a time we had a
senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change...
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Dec 6, 2012
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he will be missed by democratic senator harry reid calling demint a friend. >>> i have read his book. he's read my book. we are friends. we spent half hour within the past week talking about the senate. at this time, i didn't know that he was considering leaving. i'm not sure that he had made a decision at that time. i rather doubt it. but i've always liked the guy. and even though i disagreed with so much of what he's done, i appreciate that -- i personally believe he does this out of a sense of real belief. it's not political posturing for him as it is for a lot of time. i like jim demint. i wish him well. >> keep in mind, demint is leaving with four years left in his senate term. earlier he had said he would retire in 2017 but gave no previous indication he might quit now. >>> as concerns are rising over activity at syria's chemical weapons site a new round of diplomacy today. hillary clinton meets with russia's foreign minister, a long-time friend of syria's. so what happens next? i'm brooke baldwin. the news is now. >>> when something brings you down, you got to get up. >> you ok
he will be missed by democratic senator harry reid calling demint a friend. >>> i have read his book. he's read my book. we are friends. we spent half hour within the past week talking about the senate. at this time, i didn't know that he was considering leaving. i'm not sure that he had made a decision at that time. i rather doubt it. but i've always liked the guy. and even though i disagreed with so much of what he's done, i appreciate that -- i personally believe he does this out of...
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Dec 11, 2012
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unfortunately harry reid didn't embrace it and tabled it in the united states senate and then we moved on from there. i argue it was a highlight. we needed to cap spending. we needed to cut spending in the first year. cap it. start the process that everybody else has to function in, a balanced budget requirement added to the constitution. it would help address our fiscal concerns but more importantly be one of those that would help us get to economic growth. i'll be -- the one thing we need. george will spoke to a group of us. he had a great line. r.s.c. meeting. steve and i were there. when you have 1% growth it feels 1% economic growth it feels like a zero sum game. when you have 5% growth it's boundless opportunity. and that's what we got to get back to this message of what can we do to give opportunity to american families, to american young people, to americans in general. and cut, cap and balance was part of it. getting back to the kind of policies to promote economic growth. and that optimism and that specialness that reagan talked about that is i think where we need to be as a
unfortunately harry reid didn't embrace it and tabled it in the united states senate and then we moved on from there. i argue it was a highlight. we needed to cap spending. we needed to cut spending in the first year. cap it. start the process that everybody else has to function in, a balanced budget requirement added to the constitution. it would help address our fiscal concerns but more importantly be one of those that would help us get to economic growth. i'll be -- the one thing we need....
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Dec 11, 2012
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. >> harry reid has invited director steven spielberg to do a screening of his new movie "lincoln" right there on the senate floor. that's great idea, don't you think? we've got huge unemployment, in the middle much a war, about to go off the fiscal cliff. this guy is going, let's show a movie at work! that will be fun. no wonder they can't get anything done. >> gretchen: that's funny. i guess the only inspiration would be that maybe it would be inspiration to actually get something done because if you see the movie, you see that president lincoln got something done. >> steve: of course, that's in the senate. a u.s. senator is weighing in on the new movie that comes out in december, called "zero dark 30", all about the operation that got bin laden. what's interesting, though, and we haven't seen the movie yet, but apparently, according to people who have seen the movie, about the first 15 minutes involves a water boarding of the courier by operatives and, of course, the water boarding by the curier led to mr. bin laden and his compound. but there is a problem there. that is the fact that
. >> harry reid has invited director steven spielberg to do a screening of his new movie "lincoln" right there on the senate floor. that's great idea, don't you think? we've got huge unemployment, in the middle much a war, about to go off the fiscal cliff. this guy is going, let's show a movie at work! that will be fun. no wonder they can't get anything done. >> gretchen: that's funny. i guess the only inspiration would be that maybe it would be inspiration to actually get...
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Dec 6, 2012
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reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investors are actually increasing their exposure which is kind of contrarian to your point. i do believe to julia's point, you'll see a receding or retreat in that attitude over the next several days and few week ifs we can't get ourselves closer. i remain optimistic. the president wants a legacy and his legacy depends on this. and two proposals have been put forth. they resemble each other in terms of the amount they've asked for. i give republicans credit. they understand revenue has to be part of the deal. the question remains whether it's marginal rates or limiting deductions. adults should be able to come together and get that deal done. >> what happens here in the short term and long term. the short-term thing's not going to be much of a solution. >> no, i don't think so. and mark halperin, you talk about these deals possibly being $2 trillion. we went $5 trillion in debt over the past four or fi
reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investors are actually increasing their exposure which is kind of contrarian to your point. i do believe to julia's point, you'll see a receding or retreat in that attitude over the next several days and few week ifs we can't get ourselves closer. i remain optimistic. the president wants a legacy and his legacy depends on this. and two proposals have been put forth. they resemble each...